Nvidia(US:NVDA) Guan Cha Zhe Wang·2025-05-26 05:53Core Insights - Nvidia is set to launch a new AI chip for the Chinese market, priced significantly lower than the recently restricted H20 model, with production expected to start as early as June [1] - The new GPU will belong to Nvidia's latest Blackwell architecture series, with a price range of $6,500 to $8,000, compared to the H20's previous price of $12,000 to $15,000 [1] - The new chip will utilize traditional GDDR7 memory instead of advanced high-bandwidth memory (HBM) and will not employ TSMC's advanced semiconductor packaging technology [1] Group 1: Market Impact and Regulations - New export restrictions have introduced bandwidth constraints on GPU memory, limiting it to 1.7-1.8 TB/s, while the H20 could achieve 4 TB/s [3] - The new GPU is expected to meet the export control limit with a bandwidth of approximately 1.7 TB/s [3] - Nvidia's CEO criticized the U.S. government's AI chip diffusion control regulations, stating that they hinder the company's ability to adapt to market needs [4] Group 2: Financial Implications - The H20 ban has forced Nvidia to write down $5.5 billion in inventory, potentially leading to a revenue loss of $14 billion to $18 billion for the year [5] - Nvidia's revenue from China reached $17.108 billion in the fiscal year ending January 2024, marking a 66% increase from the previous year [5] - The company's market share in China has dropped from 95% in 2022 to 50% currently, with Huawei emerging as a key competitor [4]